Fintech CurrencyCloud tapped up investors months before Google raise

LONDON — A fintech business backed by Google’s venture capital arm went to its investors for cash just months before raising money from the search giant, accounts show.

CurrencyCloud, which provides a platform to process international payments, raised £9.5 million from its existing investors in December 2016. The company had £10.5 million in the bank at the end of the month, accounts show, suggesting the platform had around £1 million left at the time of the fundraising.